Business
Dundee Corporation Announces Acquisition of Shares of New Found Gold Corp.
TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Cor...
About this update from Dundee Corporation Class A
[{"type":"text","content":"Dundee Corporation Announces Acquisition of Shares of New Found Gold Corp.\n\n\n\n TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that it has acquired an aggregate of 36,722,569 common shares and 7,655,829 warrants of New Found Gold Corp. (TSXV: NVG, NYSE-A: NFGC) (the “Issuer”) pursuant to the completed plan of arrangement between the Issuer and Maritime Resources Corp.\n \n\n Immediately prior to the acquisition of securities described in this news release, Dundee did not own any shares or warrants of the Issuer. Immediately following the transaction that triggered the requirement to file this news release, Dundee owns or controls an aggregate of 36,722,569 common shares and 7,655,829 warrants of the Issuer representing an approximate 10.88% interest of the Issuer on an undiluted basis and a 12.86% interest of the Issuer on a partially diluted basis.\n \n\n Dundee acquired the securities of the Issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Issuer, subsequent developments affecting the Issuer or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase additional securities of the Issuer or may decide in the future to sell all or part of its investment.\n \n\n This news release is being issued in accordance with National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n in connection with the filing of an early warning report. The early warning report respecting the acquisition will be filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedarplus.ca under the Issuer’s profile. To obtain a copy of the early warning report filed by Dundee, please contact:\n \n\n Dundee Corporation\n \n Legal Department\n \n 80 Richmond Street West, Suite 2000\n \n Toronto, Ontario M5H 2A4\n \n Tel: (416) 365-5172\n \n\n\n ABOUT DUNDEE CORPORATION:\n \n\n\n Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange unde...